Fiscal Constraint definition

Fiscal Constraint for the STIP means that it includes sufficient financial information for demonstrating that projects in the STIP can be implemented using committed, available or reasonably available revenue sources, with reasonable assurance that the federally supported transportation system is being adequately operated and maintained. Fiscal constraint applies to each State fiscal year.
Fiscal Constraint means when seventy-five (75) percent of annual program funds have been disbursed or encumbered.
Fiscal Constraint means a program of projects that does not exceed reasonably expected revenues in any given fiscal year.

Examples of Fiscal Constraint in a sentence

  • Fiscal Constraint and Financial ForecastsThe CLRP and TIP shall be fiscally constrained pursuant to 23 CFR 450.324 and450.326 respectively with highway, public transportation and other transportation project costs inflated to reflect the expected year of expenditure.

  • Specific revenues available to meet the needs are identified in the Demonstration of Fiscal Constraint tables - Forecast Revenue for Transportation projects, Operations and Maintenance, by jurisdiction and source.

  • The parties agree to manage the demonstration of Fiscal Constraint for amendments and modifications through the establishment of a “Fiscal Constraint Bank” for each MPO and NJ TRANSIT, plus four Fiscal Constraint Banks for NJDOT (one for statewide projects and programs and one for each of the three MPO regions).

  • Fiscal Constraint by year shall be demonstrated by the parties through such other amendments and/or modifications as may be necessary.

  • The unobligated funds may be used for subsequent amendments or modifications to address Fiscal Constraint within the MPO.

  • If there are no outstanding balances in the Fiscal Constraint Bank, the parties shall demonstrate Fiscal Constraint for each amendment and modification.

  • The allocated funds must be derived from federal temporary12 assistance for needy families block grant equaling the total amount of temporary assistance for13 needy families block grant funds to which the state is entitled multiplied by a specific ratio.

  • The parties agree that the NJDOT shall apply these same procedures to the statewide program Fiscal Constraint Bank.

  • Code Enforcement Officer: Edgar DillonCode Enforcement Officer Phone: 645-7931Appellant: Inland Products, PO BOX 2228, Columbus, Ohio 43216Owner: Gary H.

  • The parties agree to demonstrate Fiscal Constraint for all amendments and modifications to a TIP/STIP pursuant to 23 CFR Part 450 and 49 CFR Part 613 and to identify all projects involved in such revisions on a Fiscal Constraint chart to be developed by each party.


More Definitions of Fiscal Constraint

Fiscal Constraint means when the potential cumulative cost of equipment requested
Fiscal Constraint means when the potential cumulative cost of equipment requested through the program for a budgeted portion of a fiscal year equals or exceeds 75% of program funds designated by the department to be available for purchasing equipment during the same period or when 75% of program funds for a fiscal year have been disbursed or encumbered projected expenditures may exceed appropriated funds for equipment distribution within a budgeted period.
Fiscal Constraint for transportation plans means that the total estimated costs of projects included in a plan cannot exceed estimated revenues and the estimated cost of construct- ing, operating, and maintaining the total (existing plus planned) transportation system over the period of the plan.

Related to Fiscal Constraint

  • Pre-Construction Phase Services means the participation, documentation and execution of Contractor’s Pre-Construction Phase deliverables as required by this Agreement and further defined in Article 5.

  • Begin actual construction means, in general, initiation of physical on-site construction activities on an emissions unit which are of a permanent nature. Such activities include, but are not limited to, installation of building supports and foundations, laying of underground pipework, and construction of permanent storage structures. With respect to a change in method of operation, this term refers to those on-site activities, other than preparatory activities, which mark the initiation of the change.

  • Existing construction means any structure for which the "start of construction" commenced before the effective date of the initial floodplain management code or ordinance adopted by the community as a basis for that community's participation in the NFIP.

  • Internal confidentiality agreement or statement means a confidentiality agreement or any other written statement that the contractor requires any of its employees or subcontractors to sign regarding nondisclosure of contractor information, except that it does not include confidentiality agreements arising out of civil litigation or confidentiality agreements that contractor employees or subcontractors sign at the behest of a Federal agency.

  • Commenced Construction means (a) all of the following site preparation work is completed: ingress and egress routes exist; the site on which the Project will be located is cleared and graded; there is power service to the site; footings are prepared; and foundations have been poured consistent with purchased equipment specifications and project design; or (b) the following financial commitments have been made: (i) (A) an engineering, procurement, and construction contract (“EPC”) has been executed by all parties and is effective; or (B) contracts (collectively, “EPC Equivalents”) for all of the following have been executed by all parties and is effective: (1) project engineering, (2) procurement of all major equipment, and (3) construction of the Project, and (ii) the cumulative payments made by the Developer under the EPC or EPC Equivalents to the counterparties to those respective agreements is equal to at least thirty (30) percent of the total costs of the EPC or EPC Equivalents.

  • Pipeline Construction means a substantial disturbance to agricultural land associated with installation, replacement, removal, operation or maintenance of a pipeline, but shall not include work performed during an emergency. Emergency means a condition where there is clear and immediate danger to life or health, or essential services, or a potentially significant loss of property. When the emergency condition ends, pipeline construction will be in accordance with these rules.

  • Operation and Maintenance or “O&M” shall mean all activities required to operate, maintain, and monitor the effectiveness of the RA as specified in the SOW or any EPA-approved O&M Plan.

  • New construction means, for the purposes of determining insurance rates, structures for which the "start of construction" commenced on or after the effective date of an initial FIRM or after December 31, 1974, whichever is later, and includes any subsequent improvements to such structures. For floodplain management purposes, "new construction" means structures for which the "start of construction" commenced on or after the effective date of the floodplain management regulations adopted by a community and includes any subsequent improvements to such structures.

  • Foreign construction material means a construction material other than a domestic construction material.

  • Completion of Construction means the date, as determined by the Division after consultation with the Recipient, that the work of building and erection of the Project is substantially complete.

  • The constructional plant means all appliances, tools, plants or machinery or whatsoever nature required in or about the execution, completion or maintenance of the works but does not include materials or other things intended to form part of the permanent work.

  • the Constitution means the Constitution of the Republic of South Africa, Act 108 of 1996

  • General Conditions Cost means costs incurred and minor work performed by Contractor without the need for competitive bids/proposals. The allowable General Conditions items are limited in Paragraph 11.1 and are further described on Exhibit “D”. The maximum allowable General Conditions Cost payable to Contractor during the Construction Phase of the Project is set out in Exhibit “A” attached to this Agreement.